Certuity LLC Sells 461 Shares of ConocoPhillips (NYSE:COP)

Certuity LLC reduced its position in shares of ConocoPhillips (NYSE:COP) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,790 shares of the energy producer’s stock after selling 461 shares during the period. Certuity LLC’s holdings in ConocoPhillips were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Indiana Trust & Investment Management Co grew its holdings in ConocoPhillips by 6.8% during the 4th quarter. Indiana Trust & Investment Management Co now owns 5,663 shares of the energy producer’s stock worth $562,000 after acquiring an additional 363 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of ConocoPhillips by 6.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 69,532 shares of the energy producer’s stock worth $6,895,000 after purchasing an additional 4,132 shares during the period. Signet Investment Advisory Group Inc. grew its stake in shares of ConocoPhillips by 2.2% in the fourth quarter. Signet Investment Advisory Group Inc. now owns 22,275 shares of the energy producer’s stock worth $2,209,000 after purchasing an additional 475 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its holdings in ConocoPhillips by 10.8% in the fourth quarter. TCV Trust & Wealth Management Inc. now owns 2,647 shares of the energy producer’s stock valued at $263,000 after purchasing an additional 257 shares during the period. Finally, Leavell Investment Management Inc. raised its position in ConocoPhillips by 59.8% during the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer’s stock worth $1,901,000 after purchasing an additional 7,174 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In other news, Director Arjun N. Murti acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of $95.87 per share, with a total value of $239,675.00. Following the acquisition, the director now owns 21,500 shares in the company, valued at $2,061,205. The trade was a 13.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director R A. Walker bought 10,400 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the transaction, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by company insiders.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $101.72 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $117.08 billion, a PE ratio of 13.06, a PEG ratio of 0.77 and a beta of 1.18. The stock’s 50 day moving average price is $100.91 and its 200-day moving average price is $106.03. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, equities analysts anticipate that ConocoPhillips will post 8.3 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Analysts Set New Price Targets

A number of research firms have commented on COP. Truist Financial upped their price target on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Evercore ISI reissued an “outperform” rating and set a $165.00 target price on shares of ConocoPhillips in a research report on Friday, December 6th. Wells Fargo & Company lowered their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a report on Monday. Piper Sandler reduced their price objective on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley began coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They set an “overweight” rating and a $128.00 price objective for the company. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average price target of $133.72.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.